NDIA.AX vs. WVOL.AX
NDIA.AX (Global X India Nifty 50 ETF) and WVOL.AX (iShares MSCI World ex Australia Minimum Volatility ETF) are both Global Equities funds - NDIA.AX tracks the Global X India Nifty 50 Index while WVOL.AX tracks the iShares MSCI World ex Australia Minimum Volatility Index. Both are passively managed. Over the past 5 years, NDIA.AX returned 3.53%/yr vs 8.01%/yr for WVOL.AX. At a 0.31 correlation, their price movements are largely independent.
Performance
NDIA.AX vs. WVOL.AX - Performance Comparison
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Returns By Period
In the year-to-date period, NDIA.AX achieves a -16.20% return, which is significantly lower than WVOL.AX's 1.58% return.
NDIA.AX
- 1D
- -0.32%
- 1M
- -0.09%
- 6M
- -14.59%
- YTD
- -16.20%
- 1Y
- -19.09%
- 3Y*
- -0.52%
- 5Y*
- 3.53%
- 10Y*
- —
WVOL.AX
- 1D
- -0.73%
- 1M
- 0.44%
- 6M
- 1.08%
- YTD
- 1.58%
- 1Y
- 5.79%
- 3Y*
- 11.42%
- 5Y*
- 8.01%
- 10Y*
- —
NDIA.AX vs. WVOL.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NDIA.AX Global X India Nifty 50 ETF | -16.20% | -3.68% | 13.96% | 15.07% | 2.37% | 24.83% | -0.22% | 0.08% |
WVOL.AX iShares MSCI World ex Australia Minimum Volatility ETF | 1.58% | 10.13% | 20.75% | 5.37% | -3.23% | 21.37% | -6.48% | 5.00% |
Correlation
The correlation between NDIA.AX and WVOL.AX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019 | 0.31 |
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Return for Risk
NDIA.AX vs. WVOL.AX — Risk / Return Rank
NDIA.AX
WVOL.AX
NDIA.AX vs. WVOL.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X India Nifty 50 ETF (NDIA.AX) and iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NDIA.AX | WVOL.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.15 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.17 | -1.95 |
| Martin ratioReturn relative to average drawdown | -1.44 | 2.93 | -4.37 |
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Drawdowns
NDIA.AX vs. WVOL.AX - Drawdown Comparison
The maximum NDIA.AX drawdown since its inception was -33.23%, which is greater than WVOL.AX's maximum drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for NDIA.AX and WVOL.AX.
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Drawdown Indicators
| NDIA.AX | WVOL.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -21.05% | -12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -24.49% | -5.56% | -18.93% |
Max Drawdown (3Y)Largest decline over 3 years | -26.05% | -5.92% | -20.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.05% | -12.52% | -13.53% |
Current DrawdownCurrent decline from peak | -21.81% | -1.83% | -19.98% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -3.70% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.40% | 2.24% | +11.16% |
Volatility
NDIA.AX vs. WVOL.AX - Volatility Comparison
Global X India Nifty 50 ETF (NDIA.AX) has a higher volatility of 5.23% compared to iShares MSCI World ex Australia Minimum Volatility ETF (WVOL.AX) at 2.31%. This indicates that NDIA.AX's price experiences larger fluctuations and is considered to be riskier than WVOL.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NDIA.AX | WVOL.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 2.31% | +2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 13.91% | 6.26% | +7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 7.90% | +8.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 9.41% | +6.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.38% | 11.62% | +7.76% |
Dividends
NDIA.AX vs. WVOL.AX - Dividend Comparison
NDIA.AX's dividend yield for the trailing twelve months is around 2.14%, more than WVOL.AX's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NDIA.AX Global X India Nifty 50 ETF | 2.14% | 1.83% | 1.04% | 1.86% | 4.74% | 0.11% | 0.00% | 0.08% | 0.00% | 0.00% |
WVOL.AX iShares MSCI World ex Australia Minimum Volatility ETF | 1.47% | 3.09% | 3.43% | 2.19% | 2.62% | 1.75% | 2.36% | 2.37% | 4.62% | 1.43% |
Frequently Asked Questions
NDIA.AX and WVOL.AX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDIA.AX tracks Global X India Nifty 50 Index, while WVOL.AX tracks iShares MSCI World ex Australia Minimum Volatility Index. They also come from different issuers: Global X and iShares.
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